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Satyam to finalise bidding process in 10 days: Karnik
Mumbai: Satyam Computer Services Ltd's board expects to outline the bidding process for a possible sale of the fraud-hit firm in the next 10 days time, the Chairman, Kiran Karnik, said on Thursday.
"We expect the (bidding) process to be defined in 7 to 10 days," Karnik told reporters.
"It's a work in progress. I can't give any deadline. I can only tell you, this needs to be done quickly."
Karnik said on Wednesday many potential suitors had approached Satyam, but a formal sale process was yet to begin.
The board has appointed Goldman Sachs and Avendus, an Indian investment bank, to look for strategic investors.
source: sify.com
Satyam to finalise bidding process in 10 days: Karnik
Mumbai: Satyam Computer Services Ltd's board expects to outline the bidding process for a possible sale of the fraud-hit firm in the next 10 days time, the Chairman, Kiran Karnik, said on Thursday.
"We expect the (bidding) process to be defined in 7 to 10 days," Karnik told reporters.
"It's a work in progress. I can't give any deadline. I can only tell you, this needs to be done quickly."
Karnik said on Wednesday many potential suitors had approached Satyam, but a formal sale process was yet to begin.
The board has appointed Goldman Sachs and Avendus, an Indian investment bank, to look for strategic investors.
source: sify.com
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